Comfort Suites - MS

Property Description: UNDER CONTRACT! Revenue May Reach $2.2M in 2018. Located in Prosperous and Growing Market Outside Memphis. The Comfort Suites hotel is 4 stories with 73 keys. It was built in 2002 and continually updated. The Comfort Suites is a top performer in Occupancy, ADR, and RevPAR. Revenue in 2017 was about $2,125,000. Strong Net Operating Income About 42% and Excellent Net Cash Flow! Some buyer PIP is expected, about $600,000 according to the seller. The hotel scored highly in cleanliness and condition on it last quality inspection. The area has a high quality of life with low cost of living and high median income. $30K Revenue/ Room. Offered at 11.3% Cap Rate. 27% Cash on Cash Return.